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Business for Sale Summary

Laundromat in Heavily Populated Area *PR REDUCED* - 30522

Business Type: absentee business,best deals!,seller financing available,laundromats
Owner Financing
Laundromat in Heavily Populated Area  *PR REDUCED*
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Financial Information (non-confidential)

General Information
Asking Price $165,000 Down Payment $165,000
Gross Revenues $225,000 Lease Remaining Register Free to View
Owner’s Cash Flow $60,000 Number of FT Employees Register Free to View

Financing

$165,000 Down and None.

Business Description

Laundromat in Heavily Populated Area. *MAJOR PRICE REDUCTION* This laundromat is located in one of the most heavily populated cities in NY state. It has been established for over 30 years and is in a great corner location of a strip mall with good parking. They offer 22 Wascomat washers and 24 Dexter double stack dryers. The store is 1,500 sq. ft with a full 1,500 sq.ft. basement. There are 10 years left on the current lease at a rent of $5,100/mth. (base of $4,500/mth plus taxes and CAM) The current owner is only in the store approx. 12-14 hrs/wk and has a dependable staff (1 F/T and 1 P/T). They are open 7 days (M-F 7am-10pm, Sat. 6:30am-10pm, Sun. 6:30am-9pm). In the past year the business grossed approx. $225,000.00 (60% of sales is coin laundry and 40% wash and fold service) with a net cash flow of approx. $60,000.00 (for a p/t owner). THE SELLER KEEP EXCELLENT RECORDS. We are seeking a serious and financially qualified buyer with at least $180,000 in liquid funds to cover the downpayment and 3 months rent security. To learn more, please call the broker Mel Vaz at 1-877-735-5224 ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.